An increase in supply will occur when
A) the supply curve shifts downward to the right.
B) the supply curve shifts upward to the left.
C) the demand curve shifts downward to the left.
D) the demand curve shifts upward to the right.
Answer: A
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A common solution to monopoly in European countries is public ownership
a. True b. False Indicate whether the statement is true or false
The absence of clear property rights:
A. is caused by capital deepening. B. is common in many developing nations. C. encourages creative destruction. D. All of these
To raise economic development, developing countries should
A. focus on their comparative advantage. B. produce goods that are capital intensive and not labor intensive. C. not focus on economic growth. D. focus on producing service goods.
Suppose that the CPI in Egypt was 111 in 2015 and 122 in 2016. The inflation rate between those two years was approximately
A) 4.8 percent. B) 5.5 percent. C) 9.9 percent. D) 11 percent.